Analysts Set Ralph Lauren Corporation (NYSE:RL) Target Price at $82.68

Ralph Lauren Corporation (NYSE:RL) has received an average rating of “Hold” from the twenty-five research firms that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $86.33.

A number of brokerages have recently commented on RL. Tigress Financial began coverage on Ralph Lauren Corporation in a research report on Thursday, May 25th. They issued a “neutral” rating for the company. Zacks Investment Research downgraded Ralph Lauren Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, May 24th. BidaskClub raised Ralph Lauren Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $78.00 price objective (down previously from $82.00) on shares of Ralph Lauren Corporation in a research report on Friday, May 19th. Finally, Piper Jaffray Companies set a $66.00 price objective on Ralph Lauren Corporation and gave the company a “sell” rating in a research report on Friday, May 19th.

Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its position in Ralph Lauren Corporation by 26.7% in the second quarter. BlackRock Inc. now owns 5,809,542 shares of the textile maker’s stock valued at $428,744,000 after buying an additional 1,225,845 shares during the period. Vanguard Group Inc. increased its position in shares of Ralph Lauren Corporation by 9.5% in the first quarter. Vanguard Group Inc. now owns 5,708,885 shares of the textile maker’s stock valued at $465,959,000 after buying an additional 495,685 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Ralph Lauren Corporation by 378.0% in the second quarter. Bank of New York Mellon Corp now owns 4,400,915 shares of the textile maker’s stock valued at $324,786,000 after buying an additional 3,480,135 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Ralph Lauren Corporation by 113.7% in the first quarter. JPMorgan Chase & Co. now owns 2,469,782 shares of the textile maker’s stock valued at $201,582,000 after buying an additional 1,314,237 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of Ralph Lauren Corporation by 10.8% in the second quarter. American Century Companies Inc. now owns 1,423,333 shares of the textile maker’s stock valued at $105,042,000 after buying an additional 139,110 shares in the last quarter. 58.45% of the stock is owned by institutional investors.

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Shares of Ralph Lauren Corporation (NYSE RL) traded down 0.221% during midday trading on Friday, reaching $83.655. 1,026,697 shares of the company’s stock were exchanged. Ralph Lauren Corporation has a one year low of $66.06 and a one year high of $114.00. The company’s 50-day moving average is $74.78 and its 200-day moving average is $77.15. The stock’s market cap is $6.83 billion.

Ralph Lauren Corporation (NYSE:RL) last released its quarterly earnings results on Tuesday, August 8th. The textile maker reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.15. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.34 billion. Ralph Lauren Corporation had a positive return on equity of 13.80% and a negative net margin of 0.27%. Ralph Lauren Corporation’s revenue was down 13.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.06 earnings per share. Equities analysts expect that Ralph Lauren Corporation will post $5.18 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.39%. The ex-dividend date was Wednesday, June 28th. Ralph Lauren Corporation’s dividend payout ratio (DPR) is presently -869.57%.

About Ralph Lauren Corporation

Ralph Lauren Corporation is engaged in the design, marketing and distribution of lifestyle products, including apparel, accessories, home furnishings and other licensed product categories. The Company operates through three segments: Wholesale, Retail and Licensing. Wholesale business consists of sales made to department stores and specialty stores around the world.

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